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Economic performance, social progress and institutional reform in European neighbouring countries

Author

Listed:
  • Jordi López-Tamayo

    (Universitat de Barcelona)

  • Raul Ramos

    (Universitat de Barcelona)

  • Jordi Suriñach i Caralt

    (Universitat de Barcelona)

Abstract

The objective of this article is to analyse the recent evolution of European neighbouring countries in different dimensions related to economic performance (measured in a broader sense), social progress and institutional reforms. With this aim, we design and build a composite indicator to measure these different dimensions. Next, the index is used to characterise the relative evolution of neighbouring countries compared to a wide sample of developed and developing economies. We also test whether a convergence process has taken place in these different dimensions controlling for the potential effect of the European neighbourhood policy. The obtained results show different trends according to the considered dimensions and heterogeneous effects at the country level. From a policy perspective, these results reinforce the validity of the bilateral action plans that have characterised ENP recognising the different starting point and particular characteristics of each neighbouring country.

Suggested Citation

  • Jordi López-Tamayo & Raul Ramos & Jordi Suriñach i Caralt, 2018. "Economic performance, social progress and institutional reform in European neighbouring countries," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 60(3), pages 613-636, May.
    • Handle: RePEc:spr:anresc:v:60:y:2018:i:3:d:10.1007_s00168-016-0785-2
    DOI: 10.1007/s00168-016-0785-2
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    Cited by:

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    2. Ramona ŢIGĂNAŞU & Anatolie CĂRBUNE, 2021. "Democracy, Governance and Economy: How EaP States Have Evolved in the Last Decade?," Eastern European Journal for Regional Studies (EEJRS), Center for Studies in European Integration (CSEI), Academy of Economic Studies of Moldova (ASEM), vol. 7(2), pages 208-233, December.

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    More about this item

    JEL classification:

    • C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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